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SPDR(R) S&P(R) HOMEBUILDERS ETF News

$105.42
-0.350 (-0.331%)
At Close: May 08, 2024
Breaks beyond key resistance combined with nearby support are creating lucrative risk/reward setups within the homebuilders sector.
One of my consistent themes in the past few months has been how the housing market is priming the economy for strong growth in 2021 as soon as the pandemic is brought under control. November construct
The U.S. housing market is gaining momentum and continues to be a bright spot in the U.S. economy while low inventory levels remain a concern.
"Housing is still a great theme for 2021," but the rally in building stocks may have run its course, said JC O'Hara of MKM Partners.
The new home sales data has disappointed again despite low interest rates and a favorable change in demand patterns of the U.S. housing sector in November.
Homebuilder stocks have been among the brightest spots in the market this year. Piper Sandler's Craig Johnson breaks down the charts.
Low interest rates are supporting the housing market, leading to a deluge of mortgage applications. However, limited housing inventory is a persistent concern as it may impact affordability.
Homebuilder confidence in the single-family housing market pulled back in December. Builders say they are concerned that buyers are feeling shock.
For now, 2020 has been an exception to the view that homebuilders are highly economically sensitive as witnessed by record sales and home price growth.

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The new home sales data has disappointed again despite low interest rates and changing demand patterns in the U.S. housing sector in October.
CNBC's Kelly Evans discusses the hot housing market as record low rates fuel demand, with CNBC's Diana Olick and George Ratiu of Realtor.com.
Thanks to an ultra-dovish Fed and risk-off trade sentiments amid the pandemic, mortgage rates dropped to another record low last week, for the 13th time this year.
The millennial-driven housing boom is just getting under way, and analyst Rohit Seth at Truist said it's time to buy the stocks of certain home builders ahead of an expected expansion of that boom nex
The U.S. housing market has been staying steady in the past six-month period despite the coronavirus crisis. The momentum can last ahead on shift-to-suburban trend and millennial-led demographics.
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